IDEAS home Printed from https://ideas.repec.org/p/uma/periwp/wp242.html
   My bibliography  Save this paper

The Structure of Employment, Globalization, and Economic Crises: Rethinking Contemporary Employment Dynamics with a Focus on the U.S. and Japan

Author

Listed:
  • James Heintz

Abstract

This paper explores the intersections between the current trajectory of globalization, changes to the structure of employment, and policies for maintaining opportunities for decent employment. There are numerous outcomes of these interactions, including higher levels of open unemployment, growth of informal employment, downward pressure on the returns to labor, and a redistribution of risk from capital to labor. Common factors have affected labor demand and labor supply in a range of countries, but specific employment outcomes are dependent on domestic institutions and structural realities. Within this broader framework, the paper examines changing patterns of employment in Japan and the U.S. in recent years, including the experience of both countries with regard to financial bubbles and subsequent crises.

Suggested Citation

  • James Heintz, 2010. "The Structure of Employment, Globalization, and Economic Crises: Rethinking Contemporary Employment Dynamics with a Focus on the U.S. and Japan," Working Papers wp242, Political Economy Research Institute, University of Massachusetts at Amherst.
    • Handle: RePEc:uma:periwp:wp242
    as

    Download full text from publisher

    File URL: https://per.umass.edu/fileadmin/pdf/working_papers/working_papers_201-250/WP242.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert S. Chirinko & Huntley Schaller, 2001. "Business Fixed Investment and "Bubbles": The Japanese Case," American Economic Review, American Economic Association, vol. 91(3), pages 663-680, June.
    2. Fields, Gary S., 1975. "Rural-urban migration, urban unemployment and underemployment, and job-search activity in LDCs," Journal of Development Economics, Elsevier, vol. 2(2), pages 165-187, June.
    3. Horton, Susan, 1999. "Marginalization Revisited: Women's Market Work and Pay, and Economic Development," World Development, Elsevier, vol. 27(3), pages 571-582, March.
    4. Hammouya, Messaoud., 1999. "Statistics on public sector employment : methodology, structures and trends," ILO Working Papers 993362463402676, International Labour Organization.
    5. Susan Houseman & Machiko Osawa (ed.), 2003. "Nonstandard Work in Developed Economies: Causes and Consequences," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number nwde, November.
    6. Richard B. Freeman, 2009. "Labor Regulations, Unions, and Social Protection in Developing Countries: Market distortions or Efficient Institutions?," NBER Working Papers 14789, National Bureau of Economic Research, Inc.
    7. repec:ilo:ilowps:336246 is not listed on IDEAS
    8. Chang, Ha-Joon, 1993. "The Political Economy of Industrial Policy in Korea," Cambridge Journal of Economics, Oxford University Press, vol. 17(2), pages 131-157, June.
    9. David Grubb & Jae-Kap Lee & Peter Tergeist, 2007. "Addressing Labour Market Duality in Korea," OECD Social, Employment and Migration Working Papers 61, OECD Publishing.
    10. Makoto Itoh, 2000. "The Japanese Economy Reconsidered," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-50324-3.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gozgor, Giray, 2018. "Does the structure of employment affect the external imbalances? Theory and evidence," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 77-83.
    2. OKEKE, Ijeoma Chinwe (Ph.D) & ALONTA, Gabriel Chidiebere, 2023. "Entrepreneurship Education And Informal Sector: Implications For Sustainable Economic Development," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 10(8), pages 297-305, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shahen, Mostafa E. & Kotani, Koji & Kakinaka, Makoto & Managi, Shunsuke, 2020. "Wage and labor mobility between public, formal private and informal private sectors in a developing country," Economic Analysis and Policy, Elsevier, vol. 68(C), pages 101-113.
    2. Ather Maqsood Ahmed & Ismail Sirageldin, 1993. "Socio-economic Determinants of Labour Mobility in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(2), pages 139-157.
    3. Singh, Ajit & Singh, Gurmail, 2013. "Almost Steady East Asian Rise: Implications for Labour Markets and Income Distribution," MPRA Paper 53028, University Library of Munich, Germany, revised 08 Dec 2013.
    4. Albertini, Julien & Terriau, Anthony, 2019. "Informality over the life-cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 105(C), pages 182-202.
    5. Gary S. Fields, 2020. "Informality and work status," WIDER Working Paper Series wp-2020-159, World Institute for Development Economic Research (UNU-WIDER).
    6. Suresh de Mel & David McKenzie & Christopher Woodruff, 2019. "Labor Drops: Experimental Evidence on the Return to Additional Labor in Microenterprises," American Economic Journal: Applied Economics, American Economic Association, vol. 11(1), pages 202-235, January.
    7. Scott Sanders & David Brown, 2012. "The Migratory Response of Labor to Special Economic Zones in the Philippines, 1995–2005," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 31(1), pages 141-164, February.
    8. Kim, Jinhee & Lee, Keun, 2022. "Local–global interface as a key factor in the catching up of regional innovation systems: Fast versus slow catching up among Taipei, Shenzhen, and Penang in Asia," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    9. Melo, Grace & Ames, Glenn, 2016. "Driving Factors of Rural-Urban Migration in China," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235508, Agricultural and Applied Economics Association.
    10. Fischer, Justina A.V., 2012. "Globalization and social networks," MPRA Paper 40404, University Library of Munich, Germany.
    11. David Hirshleifer & Joshua B. Plotkin, 2021. "Moonshots, investment booms, and selection bias in the transmission of cultural traits," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 118(26), pages 2015571118-, June.
    12. Diogo Ferraz & Fernanda P. S. Falguera & Enzo B. Mariano & Dominik Hartmann, 2021. "Linking Economic Complexity, Diversification, and Industrial Policy with Sustainable Development: A Structured Literature Review," Sustainability, MDPI, vol. 13(3), pages 1-29, January.
    13. Philippe Adair & Hassiba Gherbi, 2020. "The Youth Gender gap in North Africa: Income differentials and Informal Employment," Erudite Working Paper 2020-06, Erudite.
    14. Ilhom Abdulloev & Ira N. Gang & John Landon-Lane, 2011. "Migration as a Substitute for Informal Activities: Evidence from Tajikistan," Working Papers 311, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    15. Spatz, Julius & Steiner, Susan, 2002. "Post-Reform Trends in Wage Inequality: The Case of Urban Bolivia," Documentos de trabajo 9/2002, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
    16. Ana María Ibá-ez, 2014. "Growth in forced displacement: cross-country, sub-national and household evidence on potential determinants," Chapters, in: Robert E.B. Lucas (ed.), International Handbook on Migration and Economic Development, chapter 13, pages 350-387, Edward Elgar Publishing.
    17. John Conlon, 2005. "Should Central Banks Burst Bubbles?," Game Theory and Information 0508007, University Library of Munich, Germany.
    18. Arvin-Rad, Hassan & Basu, Arnab K. & Willumsen, Maria, 2010. "Economic reform, informal-formal sector linkages and intervention in the informal sector in developing countries: A paradox," International Review of Economics & Finance, Elsevier, vol. 19(4), pages 662-670, October.
    19. F Alexandre & P Bacao, 2006. "Investment and Non-fundamental Movements in Asset Prices: is there a role for monetary policy?," Economic Issues Journal Articles, Economic Issues, vol. 11(1), pages 65-95, March.
    20. Girum Abebe & A Stefano Caria & Marcel Fafchamps & Paolo Falco & Simon Franklin & Simon Quinn, 2021. "Anonymity or Distance? Job Search and Labour Market Exclusion in a Growing African City [Endogenous Stratification in Randomized Experiments]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(3), pages 1279-1310.

    More about this item

    Keywords

    J21; O43; P48;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uma:periwp:wp242. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Judy Fogg (email available below). General contact details of provider: https://edirc.repec.org/data/permaus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.